Explore the benefits of Section 457(b) Deferred Compensation Plans offered by Mutual of America, tailored for both governmental and nongovernmental employees. These plans allow pre-tax contributions, which are not taxed until withdrawal, enhancing retirement security. Governmental 457(b) plans are available to all employees of governmental entities, mirroring the structure of 401(k) and 403(b) plans, while nongovernmental 457(b) plans target a select group of management or highly compensated employees, with assets remaining vulnerable to employer's creditors. Mutual of America provides comprehensive support including recordkeeping, employee education, and personalized service to ensure financial well-being and aid in attracting and retaining top talent.